50% of investment portfolios of venture capitalists from smaller cities by 2025: Experts

Thiruvananthapuram ( IANS) Fifty per cent of the investment portfolios of all venture capitalists would be from Tier II and III cities of India by 2025, Anil Joshi, managing partner of Unicorn India Ventures said.

Joshi was speaking at a panel…

ONGC looking at investing Rs 1 lakh crore to set up 2 petrochemicals units

New Delhi (IANS) Government-owned upstream oil giant ONGC is looking at investing around Rs 1 lakh crore to diversify into the manufacturing of petrochemicals to move up the value chain from crude oil, senior company executives said in a conference…

Several top large-cap stocks have hardly given any returns in past 2-3 yrs

New Delhi (IANS) Indian mega-cap stocks are in a bear market, with several top large-cap. stocks have hardly given any returns over the past 2-3 years, the Kotak Institutional Equities said in a report.

“The outcome of various events in the…

Banks entering period of low revenue growth for 2HFY24

New Delhi (IANS) Banks are entering a period of low revenue growth for 2HFY24 as the cost of funds is yet to peak for all players, Kotak Institutional Equities said in a report.

Diversifying books may sustain high loan growth for non-banks,…

Centre launches funding scheme for startups, MSMEs

New Delhi (IANS) The Union Ministry of Mines announced on Wednesday that it has decided to fund research and innovation in startups and MSMEs in the mining, mineral processing, metallurgy and recycling sector (S&T-PRISM) and has brought out guidelines…

Wholesale price inflation stays in negative zone for 7th straight month in Oct

New Delhi (IANS) The country’s inflation rate based on the wholesale price index (WPI) remained in the negative zone for the seventh consecutive month in October at (-) 0.52 per cent as prices of food items, chemical products and textiles fell during…

Byju’s-owned Great Learning narrows losses in FY23, logs 25% revenue growth

New Delhi (IANS) Byju’s-owned professional learning platform Great Learning cut its losses by nearly 28 per cent to Rs 222 crore in FY23 from Rs 307 crore in FY22.

Great Learning, acquired by edtech major Byju’s for $600 million in July 2021,…

FPIs pulling out of stocks but stepping up investments in debt instruments

Mumbai (IANS) Foreign portfolio investors (FPIs) continue to pull out money from the Indian equity markets in November but have stepped up investment in debt instruments resulting in a net inflow of foreign funds to the tune of Rs 1,525 crore as of…

ONGC declares interim dividend as Q2 net profit surges to Rs 13,734 crore

New Delhi (IANS) Oil and Natural Gas Corporation (ONGC) on Friday reported a 65.5 per cent year-on-year increase in consolidated net profit to Rs 13,734 crore for the July-Sept quarter of the current financial year due to a reduction in costs.

BSE posts 4-fold jump in Q2 net profit

Mumbai (IANS) BSE, the country’s leading stock exchange, has posted a four-fold jump in net profit at Rs 118.4 crore for the July-September quarter of the current financial year.

The exchange had made a net profit of Rs 29.4 crore in the same…